Attention! Cattlemen and hay producers, mark your calendars now for this late summer Van Buren County land auction. Don't miss this rare opportunity to purchase extremely well cared for improved pastureland and also highly productive hay ground. These tracts offer everything for the cattle producer, as well as a nice set of buildings and grain storage. You will definitely not want to miss this auction.

TRACT INFORMATION

Tract 1 - 20 Acres (subject to survey)

FSA figures indicate 13.92 cropland acres.

Major soil types are Kniffin and Edina.

CSR2 of 55.4 (entire tract).

The balance of this tract is pasture.

Improvements include a nice Morton 45' x 85' combination machinery/hay pole barn open to the south as well as 2 smaller outbuildings.

RRWA is available and electricity is on this tract.

Access is on the west off of Jersey Avenue.

Tract 2 - 38 Acres (subject to survey)

FSA figures indicate 36.68 cropland acres.

Major soil types are Kniffin and Edina.

CSR2 of 55 (entire tract).

RRWA and electricity are available.

Access is on the north off of 265th Street.

Tract 3 - 40 Acres & Outbuildings (subject to survey)

The entire tract is very good open pasture.

Major soil types are Gara, Kniffin, Bucknell and Rinda.

CSR2 of 32.2 (entire tract).

Improvements include an older combination hay/livestock barn, 2 other outbuildings, small steel bin and 2 small ponds.

RRWA is on this tract and electricity is available.

Access is on the north off of 265th Street.

Tract 4 - 68 Acres (subject to survey)

FSA figures indicate 64.45 cropland acres.

Major soil types are Kniffin, Rinda and Edina.

CSR2 of 45.8 (entire tract).

RRWA and electricity are available.

Access is on the east off of Jersey Avenue.

Tract 5 - 58 Acres (subject to survey)

The entire tract is very good open pasture.

Major soil types are Gara, Armstrong and Kniffin.

CSR2 of 29.3 (entire tract).

There is a large pond covering nearly 2 acres.

Electricity is available.

Access is on the east off of Jersey Avenue.

Tract 6 - 58 Acres (subject to survey)

FSA indicates 53.37 cropland acres of which 37.95 acres are in CRP.

The current CRP contract expires on September 30, 2031 and pays $219.45 per acre with an annual payment of $8,328.00

Major soil types are Wabash, Nodaway and Vesser.

CSR2 of 70.3 (entire tract).

Electricity is available.

Access is on the east off of Jersey Avenue.

Tract 7 - 80 Acres (subject to survey)

FSA figures indicates 47.53 cropland acres.

Major soil types are Kniffin, Ashgrove, Rinda and Appanoose.

CSR2 of 37.4 (entire tract).

The balance of this tract is very good open pasture with a small amount of timber in the northeast corner.

There is a nice sized pond on this tract.

Very close proximity to the entrance of Lake Sugema.

RRWA and electricity are available.

Access is on the west off of Jersey Avenue.

Tract 8 - 2 Acres, Morton Building & Grain Storage (subject to survey)

Morton 42' x 72' machine shed with rolling doors on the east and south.

Quonset type 30' x 37' steel frame machine storage building open to the south.

4 steel grain bins with approximately 15,000 bushel of storage.

RRWA and electricity are on this tract.

This location would make an excellent site for a new home or a very useful addition to your current farming operation.

Access is on the east off of Jersey Avenue.

METHOD & TERMS

Tracts 1-7 will be sold on a price per acre basis, based on a survey that is currently in progress, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all 7 tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tract(s) will be offered Buyers Choice until all 7 tracts have been elected. Then we will sell Tract 8 for a "Lump Sum" total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before September 22, 2023 upon delivery of a merchantable abstract and deed. Possession will be given at the time of closing, subject to the current lease. Contact the auction manager for lease details.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold AS IS.

Auction Manager:

Jeff Hoyer (319) 759-4320